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Golden Harvest released data showing that extreme Midwest weather, including heat, drought stress and wet planting, will make the 2022 corn harvest highly variable. Drought during pollination can cause up to a 50% yield loss, and drought reduced grain fill time and nutrient uptake.
Expected variability and yield losses from drought stress tighten corn supplies and support feed corn prices.
hpj.comHPJ StaffSep 21, 2022After 1,465 past bullish weather events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
